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A hotel has a capacity of 150 rooms and is deciding between two policies for accepting reservations Policy 1 accepts reservations for up to 150

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A hotel has a capacity of 150 rooms and is deciding between two policies for accepting reservations Policy 1 accepts reservations for up to 150 rooms. Policy 2 accepts reservations for up to 152 rooms The Revenue per room filled is $1000, . The Cost (penalty) of denying any guest a room is $2200. . These is no charge to customers who do not show for their reservation The following probability distributions represent the number of guests showing up to the hotel: (Policy 1) # Who Show 147 148 149 150 Probability 2 25 3 3 25 (Policy 2) # Who Show 149 150 151 152 Probability 2 25 25 .3 (Suggested Template) Trial Reservations RN #Showing Up #Denied Rooms Filled Revenue Cost Set RN to -RANDO. Use a Data Table to simulate 100 trials for both Policy 1 and Policy 2 What is the average profit for policy 1? Question 4 1 pts What is the average profit for policy 2 given the above information? A hotel has a capacity of 150 rooms and is deciding between two policies for accepting reservations Policy 1 accepts reservations for up to 150 rooms. Policy 2 accepts reservations for up to 152 rooms The Revenue per room filled is $1000, . The Cost (penalty) of denying any guest a room is $2200. . These is no charge to customers who do not show for their reservation The following probability distributions represent the number of guests showing up to the hotel: (Policy 1) # Who Show 147 148 149 150 Probability 2 25 3 3 25 (Policy 2) # Who Show 149 150 151 152 Probability 2 25 25 .3 (Suggested Template) Trial Reservations RN #Showing Up #Denied Rooms Filled Revenue Cost Set RN to -RANDO. Use a Data Table to simulate 100 trials for both Policy 1 and Policy 2 What is the average profit for policy 1? Question 4 1 pts What is the average profit for policy 2 given the above information

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